IOSR-JBM   Volume-6 ~ Issue-4 ~ Nov-Dec-2012

Paper Type	:	Research Paper
Title	:	Diversification, Investment Opportunity Set, Envinronmental Dynamics and Firm Value (Empirical Study of Manufacturing Sectors in Indonesia Stock Exchange)
Country	:	Indonesia
Authors	:	Yuliani, Djumilah Zain, Made Sudarma, Solimun
	:	10.9790/487X-0640115

Abstract:The purpose of this research are: 1) to describe and analyzing the diversification effect on firm value, 2) to describe and analyzing the role of Investment Opportunity Set (IOS) diversification effect mediation on firm value, and 3) to describe and analyzing the role of environment dynamics as a IOS moderating effect on company value. The research was conducted on the manufacturing sectors in Indonesia Stock Exhange. Observation period are 2006-2010. Based on defined population criteria the sampling method is saturated sample or census. The samples analyzed were 18 companies. Analysis data method is Structural Equation Modeling (SEM) variance-based namely SmartPLS. The result shows that: 1) The diversification effect on firm value is significant and positive, 2) IOS mediation variable significantly and positively affect firm value, and 3) IOS*environmental dynamics interaction variable does not affect significantly on firm value.
Keywords: Diversification, Investment Opportunity Set, Environmental Dynamics, Firm Value.

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[3] Akhtaruddin, M & Hossain, M. Investment Opportunity Set, Ownership Control and Voluntary Disclosures in Malaysia. JOAAG. 3(2), 2008, 25-39.

[4] Aisjah, S. Strategi Diversifikasi Korporat, Struktur Modal dan Nilai Perusahaan (Studi Pada Perusahaan yang Tercatat Di Bursa Efek Indonesia). Disertasi. Program Pascasarjana Fakultas Ekonomi Universitas Brawijaya, 2009.

[5] Amit, Raphael & Livnat, Joshua. Diversification Strategies Business Cycles and Economic Performance. Strategic Management Journal. 99,1988, 99-110.

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[8] Balakrishnan, Srinivasan & Wernerfelt, Birger. Technical Change, Competition and Vertical Integration. Strategic Management Journal. 7(4), 1986, 347-359.

[9] Barney, Jay. Gaining and Sustaining Competitive Advantage, Second Edition, (Englewood Cliffs, NJ: Prentice-Hall, 2002).

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Paper Type	:	Research Paper
Title	:	Credit Risk and Harmonious Values Practice (Study at Village Credit Institution (Lembaga Perkreditan Desa) Of Bali Province)
Country	:	Indonesia
Authors	:	I Putu Astawa, Prof. Dr. Made Sudarma, Dr. Siti Aisjah, Dr. Djumahir
	:	10.9790/487X-0641620

Abstract:The research aims to explain harmonious values practices summarized in Tri Hita Karana (THK) culture emphasizing on harmonious relationship of human with God, between humans and human with environment that has been implementing at the village credit institution (Lembaga Perkreditan Desa/LPD) and its relationship with credit risk. 100 of 1405 existed companies are selected as sample and descriptive statistic is used to examine data collected using questioner on harmonious values practice and the amount of nonperforming loan (NPL). Research result shows that LPD has been practicing harmonious values in a good manner and LPD that implementing harmonious values in a good manner tend to have small NPL. Research implication is that in order to decrease non-performing loan, LPD managers should pay attention and monitor the implementation of harmonious values properly. It is suggested to examine the research using quantitative and qualitative approaches to understand more about the existed phenomenon.
Keywords: credit risk, non performing loan, harmonious values

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Center.
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Accreditations.
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Working Paper: University of Piraeus
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in Small Business. Journal of Small Busniess Management 47(4) pp.443-464.
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Paper Type	:	Research Paper
Title	:	Role of Psychosomatic Capital on Employee Attitudes, Behavior and Performance
Country	:	India
Authors	:	Mr. P. Ramesh, Mr.T.Narayana Rao
	:	10.9790/487X-0642124

Abstract:The focus of all aspects human resource development is on developing the most superior workforce so that the organization. The performance-based goals is to be sensitive to the addition of a performance contingency to the achievement context, because these types of goals are inherently focused on external evaluation and are presumed to be responsive to the internal constraints. There is no gain-saying the fact that individual's skills and techniques are significant determinants of such person's work performance. These could be acquired through psychological resources along with training and development.

[1] Organizational Behavior Management Network, Dr. John Austin, Dr. Dale Brethower, Dr. Alyce Dickinson.
www.obmnetwork.com. 2009.
[2] Performance Management: Changing Behavior That Drives Organizational Effectiveness, 4th ed., Dr. Aubrey C. Daniels.
Performance Management Publications, 1981, 1984, 1989, 2006. ISBN 0-937100-08-0
[3] Performance Management - Integrating Strategy Execution, Methodologies, Risk, and Analytics. Gary Cokins, John Wiley & Sons,
Inc. 2009. ISBN 978-0-470-44998-1
[4] Journal of Organizational Behavior Management, Routledge Taylor & Francis Group. Published quarterly. 2009.
[5] Handbook of Organizational Performance, Thomas C. Mawhinney, William K. Redmon & Carl Merle Johnson. Routledge. 2001.
[6] Bringing out the Best in People, Aubrey C. Daniels. McGraw-Hill; 2nd edition. 1999.
[7] Improving Performance: How to Manage the White Space in the Organization Chart, Geary A. Rummler & Alan P. Brache. Jossey-
Bass; 2nd edition. 1995.
[8] Human Competence: Engineering Worthy Performance, Thomas F. Gilbert. Pfeiffer. 1996.
[9] The Values-Based Safety Process: Improving Your Safety Culture with Behavior-Based Safety, Terry E. McSween. John Wiley &
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[10] Performance-based Instruction: Linking Training to Business Results, Dale Brethower & Karolyn Smalley. Pfeiffer; Har/Dis
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Paper Type	:	Research Paper
Title	:	Cochin - The Emerging Silicon Valley of India: Requirement of Right Policies
Country	:	India
Authors	:	V. Anoop Kumar , Dr. R. Ganesan
	:	10.9790/487X-0642532

Abstract:Software industry is acknowledged as an important engine of economic growth for many developing and under developed countries. Software development is a service that is both labour and knowledge-intensive. Nowhere are human resources as critically important as in the software sector. Human resources are not only the drivers and principal value-creators of the output of this industry; they are also the intellectual capital or the infrastructure investment. Therefore, attracting, training, retaining and motivating employees are the critical success-determinants of this industry.
Key Words: Policy, Manpower, Software, Motivation, Satisfaction

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Paper Type	:	Research Paper
Title	:	Operating Performance Evaluation of Select MFIs- an empirical Analysis
Country	:	India
Authors	:	Dr. S. Narasimha Chary, Mr. Sreenivas Savvasi
	:	10.9790/487X-0643339

Abstract:Microfinance creates access to productive capital, which together with two other forms of capitalhuman capital, addressed through education and vocational training, and social capital, built through creating representative, local organization building, promoting democratic systems, and strengthening human rights; enables people to move out of poverty. Microfinance enables poor self-employed people to create productive capital, to protect the capital they have, to deal with risk, and to avoid the destruction of capital. It attempts to build assets and create wealth among people who lack them. For the very poor, microfinance becomes a liquidity tool that helps smooth their consumption patterns and to reduce their level of vulnerability

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India, Annals public and Corporative Economics 79:2 2008, pp. 269-299.
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Paper Type	:	Research Paper
Title	:	Cumbersome Institutional Credit for SMEs: The Indian Experience
Country	:	India
Authors	:	Dr. Santhosh Kumar S.
	:	10.9790/487X-0644049

Abstract:Industrial finance institutions, often called the development financial institutions (DFIs) were set up at the national level and at the State level with a view of quickening the pace of industrialisation in India. These lending institutions were operating in a regulated and protective regime upto the introduction of economic reforms in the country. With the deregulation of the financial system since 1991, they have been finding their traditional business fast disappearing. They were deprived of the protective climate in which they operated for long, and their access to concessional sources of funds was stopped. They came to be forced to compete with commercial banks whose cost of funds was lower than that of DFIs.
Key Words: Financial Institutions – Development banks - Term loans – Industrial finance – Industrial development – Kerala financial corporation – KFC – Financial structure – Capital structure – Industrial finance institutions – Development financial institutions – Financial institutions in Kerala

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Paper Type	:	Research Paper
Title	:	Managerial Overconfidence and Discretion: Do Managerial Hubris Affect The Dividend Policy In Pakistan?
Country	:	Pakistan
Authors	:	Rasheed R, Sadaqat S, Chughtai S
	:	10.9790/487X-0645062

Abstract: This research is conducted to investigate the link between managerial overconfidence and dividend payout in an emerging market of underdeveloped country Pakistan. Managerial discretion levels, individual, organization and environmental are also proposed and verified if moderating the relationship between the respective independent and dependent variable. 62 companies listed on Pakistan stock exchange based on trading volume over the period 2009 – 2011 are selected as sample for empirical substantiation. Regression results have shown that unlike western countries Pakistani managers are not overconfident while formulating dividend policy evident by weak positive relationship between managerial overconfidence and dividend payout. Out of the moderating variable 3 levels only individual and organizational level are found to strengthen the negative relationship between the dividend payout and managerial overconfidence and complies with literature comprehension. No evidence is found that signifies the proposed moderating role of environmental level.
Key Words: Managerial overconfidence, dividend payout, managerial discretion, Managers of Pakistan

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Paper Type	:	Research Paper
Title	:	Effectiveness of Performance Appraisal System in Large and Medium Size Manufacturing Organisations
Country	:	India
Authors	:	Mr Gaurav Kochhar, Dr Bhavet Garg
	:	10.9790/487X-0646383

Abstract: It has now been widely realized that effectiveness of performance appraisal system(PAS) depends on the extent to which the HRD components are a part of the system and how well it is being implemented in practice from the viewpoint of both the appraisers and appraisees.It was emerged form the study that a number of variables in all the three categories (vizPAS design content variables ,PAS content variables and PAS outcome variables ) were being taken care of the large extent in the study organizations .However the study also identified many variables (in all the three categories) were being taken care of only to the moderate extent. In the study ,it was suggested that the "The moderately taken care of variables ' need special attention of the concerned managers in particular and HRD professionals.In general..intercorrelations between the various variables were also established in the study.In depth and empirically tested analysis in this context is being presented in paper
Key Words: Appraiser.Appraisee,Career Planning,Employee Satisfaction,Motivation

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